G Mining Ventures launches early construction works at Oko West Gold Project in Guyana, a significant step towards advancing its multi-million dollar gold development.
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| G Mining Ventures initiates early works at the Oko West Gold Project in Guyana, marking a crucial step in its $200-240 million investment to expand gold mining operations. Image: G Mining Ventures/ ChicHue |
Georgetown, Guyana — March 7, 2025:
G Mining Ventures Corp has officially launched early works construction at its Oko West Gold Project in Guyana, marking a pivotal milestone in the development of this promising gold mine. With the Interim Environmental Permit (IEP) from the Guyana Environmental Protection Agency (EPA) in place, the company is moving forward with vital site preparation activities. These include the construction of a barge landing facility, main access roads, an airstrip, and the establishment of a permanent camp, along with water and sewage treatment plants, power generation facilities, and a communications tower.
The early works are part of a broader $200 to $240 million capital expenditure plan for 2025, focused on advancing the Oko West project. As the company continues its efforts toward securing the full Environmental License, G Mining Ventures is also working on its Feasibility Study, which is slated for publication in Q2 2025. The positive outcome of this study, combined with the receipt of final permits and project financing, is expected to lead to a formal construction decision in the latter half of 2025.
Louis-Pierre Gignac, President & CEO of G Mining Ventures, commented on the development: “The commencement of early works at Oko West reflects our commitment to expediting the delivery of a world-class gold project. We are applying our extensive development expertise to ensure seamless execution while maintaining high safety, environmental, and social standards.”
The Oko West Gold Project is expected to play a key role in G Mining Ventures' growth strategy as it positions itself to become a mid-tier precious metals producer. Alongside its efforts in Guyana, the company continues to advance its operations at the Tocantinzinho Gold Mine in Brazil, further solidifying its position in mining-friendly jurisdictions across South America.